iShares U.S. Medical Devices ETF (NYSEARCA:IHI) Reaches New 1-Year Low – What’s Next?

iShares U.S. Medical Devices ETF (NYSEARCA:IHI) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $52.84 and last traded at $53.02, with a volume of 644696 shares traded. The stock had previously closed at $53.18.

iShares U.S. Medical Devices ETF Stock Performance

The company’s 50-day moving average is $57.70 and its 200 day moving average is $60.31. The company has a market capitalization of $3.30 billion, a PE ratio of 30.76 and a beta of 0.89.

Institutional Investors Weigh In On iShares U.S. Medical Devices ETF

A number of institutional investors have recently made changes to their positions in IHI. Smartleaf Asset Management LLC increased its position in shares of iShares U.S. Medical Devices ETF by 740.0% during the third quarter. Smartleaf Asset Management LLC now owns 420 shares of the company’s stock valued at $25,000 after acquiring an additional 370 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in iShares U.S. Medical Devices ETF by 107.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 386 shares of the company’s stock valued at $25,000 after acquiring an additional 200 shares in the last quarter. FWL Investment Management LLC purchased a new stake in iShares U.S. Medical Devices ETF during the 3rd quarter valued at $27,000. Flagship Harbor Advisors LLC purchased a new stake in iShares U.S. Medical Devices ETF during the 4th quarter valued at $29,000. Finally, Group One Trading LLC bought a new stake in shares of iShares U.S. Medical Devices ETF in the 2nd quarter worth $29,000.

About iShares U.S. Medical Devices ETF

The iShares U.S. Medical Devices ETF (IHI) is an exchange-traded fund that is based on the DJ US Select \u002F Medical Equipment index, a market-cap-weighted index of manufacturers and distributors of medical devices in the US. IHI was launched on May 1, 2006 and is managed by BlackRock.